Top News
AIG Lends $107.7Mln Against Manhattan’s 55 Broadway
Commercial Real Estate Direct Staff Report American International Group Inc. has provided $107.7 million of financing against 55 Broadway, a 347,023-square-foot office building in Manhattan. Meridian Capital Group arranged the loan, which allowed the property's owner, Harbor Group International, to...
TD Bank Lends $65Mln Against Chantilly, Va., Industrial Portfolio
Commercial Observer A venture of Elion Partners and Buchanan Partners has secured $65 million of financing against 12 industrial properties with 600,000 square feet in Chantilly, Va., about 25 miles west of Washington, D.C. TD Bank provided the loan, which...
JPMorgan Lends $105Mln for Washington, D.C., Office Project
Commercial Observer JPMorgan Chase Bank has provided $105 million of construction financing for the 258,500-square-foot office development at 322 40th St. NE in Washington, D.C. JLL arranged the loan. A venture of Cedar Realty Trust, Asland Capital Partners and the...
240-Unit Apartment Development Breaks Ground in Florence, Ky.
Cincinnati Business Center BRG Realty Group LLC has broken ground on Parkway Trails, a 240-unit apartment property in Florence, Ky. The Cincinnati development and management company expects the project to be completed early next year. It's being built near the...
Costco Buys Orlando, Fla., Office Building for $16Mln
Orlando Business Journal Costco Wholesale Corp. has paid $16 million, or about $228.57/sf, for a 70,000-square-foot office building in Orlando, Fla. The Seattle retailer bought the property, at 8301 Southpark Circle, from Pacer Partners of Cohasset, Mass. The building will...
RPT Realty to Buy Massachusetts Shopping Center for $104Mln
Commercial Real Estate Direct Staff Report RPT Realty has agreed to pay $104 million, or $161.04/sf, for the 645,785-square-foot Northborough Crossing shopping center in Northborough, Mass. The New York REIT is buying the property from a venture of the...
Decron Buys Apartment Property in Tempe, Ariz., for $96.2Mln
Decron Properties has paid $96.2 million, or $346,043/unit, for Broadstone Rio Salado, a 278-unit apartment property in Tempe, Ariz. The Los Angeles investor purchased the complex from Alliance Residential Co. of New York. Broadstone Rio Salado, at 2325 East...
Apparel Company Signs 207,021-SF Industrial Lease in Monroe Township, N.J.
Real Estate NJ Vandale Industries Inc., an apparel company, has signed a lease for 207,021 square feet at a 488,884-sf industrial property in Monroe Township, N.J. Duke Realty Corp. owns the property, at 773 Cranbury South River Road, about...
186-Unit Apartment Complex in West Hartford, Conn., Sold for $31.5Mln
Hartford Business Journal Eagle Rock Properties has paid $31.5 million, or $169,355/unit, for the 186-unit Westgate Apartments in West Hartford, Conn. The Plainview, N.Y., investment manager bought the property from an undisclosed Denver real estate company that had purchased...
Stiles Sells Palm Beach Gardens, Fla., Office Building for $30.55Mln
South Florida Business Journal An affiliate of Stiles Corp. has sold Gardens Plaza, an 86,542-square-foot office complex in Palm Beach Gardens, Fla., for $30.55 million, or about $353/sf. The Fort Lauderdale, Fla., investor sold the property, which sits on...
